Developer acquires over 8 million sq ft in Meydan for its first large-scale residential project, marking a pivotal expansion beyond high-rise branded towers
Dubai, UAE – In a landmark move that signals its bold entry into master-planned residential communities, Binghatti Holding has announced the acquisition of a prime freehold land parcel spanning more than 8 million square feet of gross floor area in Nad Al Sheba 1. Valued at over Dhs25 billion ($6.8 billion), the future development is set to be one of the largest single-site residential projects in Dubai.
Situated within the prestigious Meydan district — an area rich in equestrian heritage and home to the former Nad Al Sheba Racecourse — the new development is expected to deliver a “refined and tranquil” lifestyle. Its central location and proximity to major roadways and key landmarks are integral to the appeal of the community, according to the developer.
“This acquisition marks a pivotal moment in Binghatti’s growth journey,” said Muhammad BinGhatti, Chairman of Binghatti Holding. “Our planned new mega project builds on the strong momentum of our vertically integrated model, which has allowed us to consistently deliver distinctive, high-quality properties ahead of schedule.”
BinGhatti also noted that the company’s strong financial standing enabled it to self-fund the land acquisition, underscoring its commitment to long-term value creation and urban innovation in Dubai’s dynamic real estate sector.
A Strategic Shift Beyond High-Rise Icons
The Nad Al Sheba project marks a significant strategic shift for Binghatti, which has become widely recognised for its portfolio of luxury branded high-rises. These include marquee developments such as the Bugatti Residences, Mercedes-Benz Places, and Burj Binghatti Jacob & Co. Residences — all of which have contributed to the firm’s rising global profile and celebrity clientele, including football icon Neymar Jr. and opera legend Andrea Bocelli.
Currently, Binghatti has around 20,000 units under development across 30 projects in high-demand neighborhoods such as Downtown Dubai, Business Bay, Al Jaddaf, Jumeirah Village Circle, and Dubai Science Park. The company has delivered more than 11,000 residential units in the last 16 months alone, further establishing its reputation as one of the fastest-growing developers in the region.
A New Benchmark for Integrated Living
With this mega development, Binghatti aims to set a new benchmark for integrated living, introducing a master-planned community concept that blends architectural elegance, lifestyle amenities, and urban accessibility. The development will further support Dubai’s strategic vision of becoming the world’s best city to live, work, and invest in.
Binghatti currently manages a project portfolio valued at over Dhs50 billion and continues to play a key role in shaping Dubai’s real estate landscape through innovation, ambition, and strategic execution.
As the city’s skyline continues to evolve, Binghatti’s latest venture into expansive residential communities marks a bold new chapter in its journey — and in the future of living in Dubai.
